- The downtrend for the 10-year is at its end.
- Numerous indicators show we are in the midst of an economic transition.
- Yields could rise for a long time.
Take a close look at the monthly chart of benchmark 10-year US Treasury yield (Fig. 1) for the period 1981-2018, a 37-year period. The dominant bear market for yield may still be alive but is not necessarily all that well. Take a close look at the monthly chart of benchmark 10-year US Treasury yield (Fig. 1) for the period 1981-2018, a 37year period. The dominant bear market for yield may still be alive but is not necessarily all that well.
Figure 1See the rest of the story at Business Insider
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